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Treasury Planning More Comment Requests on Energy Provisions

Oct. 15, 2022, 7:02 PM

The Treasury Department expects to release additional requests for comment on energy provisions in the new tax-and-climate law in the next few weeks, a department official said Saturday at a conference in Dallas hosted by the American Bar Association’s Tax Section.

Tom West, deputy assistant secretary for tax policy at Treasury, said the clean-energy provisions in the law are a more immediate implementation priority than the book-income tax and the stock buyback tax, noting there are some quick deadlines for guidance in the energy area.